Need Cash? No Problem! Here are 11 Fast Cash Loans to Check Out

Emergencies are unpredictable and can happen to anyone at any time, such as unexpected hospitalization of a loved one, sudden school expenses, job loss, or necessary repairs after a natural disaster. Having an emergency fund is ideal in these situations, but not everyone has one. When your emergency fund is insufficient, a fast cash loan may be the only viable option.Need Cash? No Problem! Here are 11 Fast Cash Loans to Check Out

If you’re in need of a quick loan, don’t fret! We have created a comprehensive guide on the basics of fast cash loans in the Philippines, as well as a list of the best options to consider.

What are Fast Cash Loans?

Fast cash loans are loans that provide quick approval, typically within 10 minutes to a few days. These loans can be in the form of salary loans or personal loans and are offered by various lenders in the Philippines, ranging from local cooperatives to large commercial banks.

Since these loans are processed quickly, borrowers can access funds immediately, making them a great option for financial emergencies.

Are Online Loans Legal in the Philippines?

You might be curious about whether fast cash loans are trustworthy. The answer to this depends on the lender you choose. Dishonest lenders, sometimes called loan sharks, often charge exorbitant interest rates. If you go down this route, you could find yourself in a tricky situation, as the high interest charges, in addition to the principal loan amount, may leave you short on funds.

However, if you opt to work with a well-established bank or lending/financing company, you can rest assured that their fast cash loan product is legitimate.

How Do Fast Cash Loan Applications Work?

To expedite the approval of a quick cash loan, the lender may use a simplified procedure, as follows:

  1. The borrower completes a registration form at the lender’s office, on the lender’s website, or through a fast cash loan app in the Philippines.
  2. The borrower provides the necessary loan requirements. If applying online, the borrower must upload scanned or photographed copies of the required documents.
  3. If the application is approved, the loan amount may be provided immediately. Otherwise, the borrower must wait one to three days for the loan to be disbursed. If the loan amount is significant, the validation process may take longer.
  4. The borrower may choose to receive the cash at the lender’s office or have it deposited into a nominated bank account.

Note that while the lending process is fast, it may differ from one organization to the next. Therefore, it is recommended to verify with the potential lender.

Repayment will be based on the loan agreement or type of loan. For example, if the borrower applied for fast cash loans with monthly payments, payment must be made on a specific day of the month until the loan is fully paid off. If the borrower applied for a salary loan, the borrowed amount must be returned on the next payday.

Where Can I Get Legit Quick Cash Loans in the Philippines?

To ensure your safety, it is advisable to transact only with trustworthy banks or lending firms. Here are a few legitimate providers of quick cash in the Philippines that you might want to consider including in your options:

📌 Citibank Personal Loan

One way to rephrase the given statement in English language could be: “The Citi Personal Loan is frequently regarded as one of the top options available. This loan can be applied for quickly online and provides a substantial amount of money, along with adaptable repayment conditions and a reasonable interest rate.”

  • Loan amount: Up to ₱2 million
  • Monthly add-on rate: 1.29%
  • Approval time: As fast as 24 hours
  • Payment terms: Up to five years
  • Features: No collateral needed; ideal for starting a business, buying or renovating a home, funding vacations, and other major milestones you want to achieve

Note: This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities.

💸 Fund Your Goals with a Citi Personal Loan

Fulfill your financial objectives, whether it’s launching a new business, going on a vacation, improving your home, buying a car, or paying for tuition, by taking out a personal loan from Citibank.

You can borrow up to ₱2 million at a low interest rate and have up to five years to repay the loan. If you apply for a Citi Personal Loan through Moneymax before April 30, 2023, and subsequently get approved, you’ll receive rewards worth up to ₱10,990! Please refer to the promotional terms and conditions for details.

Note: This product is offered by Union Bank of the Philippines, which holds temporary license rights to certain trademarks owned by Citigroup Inc. and related entities

📌 EasyRFC Multi-Purpose Loan

If you are facing a small financial problem that does not require a large sum of money, the EasyRFC Multi-Purpose Loan offered by Radiowealth Finance Corporation may be a suitable cash loan option for you. This quick cash loan, which is available online in the Philippines, can also be helpful in urgent situations.

  • Loan amount: ₱10,000 to ₱150,000
  • Interest rate: Varies on the amount borrowed and the repayment period
  • Approval time: As fast as 24 hours
  • Payment terms: Up to 18 month
  • Loan amount: ₱1,000 to ₱25,000
  • Interest rate: Flat daily fee as low as 0.5%
  • Approval time: A few minutes
  • Payment terms: Up to 61 days
  • Features: Apply for a loan anytime, anywhere (24/7); no collateral needed; ideal for immediate cash needs, such as groceries and tuition

📌 Tonik Quick Loan

Looking for a speedy cash loan that you can apply for in just a few minutes and receive the funds right away? Consider trying Tonik’s Quick Loan, which is a personal loan that you can easily apply for on the internet.

All you need is a valid ID and a Tonik bank account to apply. If you meet the criteria for a Tonik Quick Loan, you can receive approval in as little as 30 minutes and get the cash instantly, as long as you have completed all the necessary post-approval requirements.

  • Loan amount: ₱5,000 to ₱50,000
  • Monthly interest rate: 7%

Approval time: As fast as 30 minutes                                                                                                  Payment terms: Six to

📌 Tonik Flex Loan

You can receive approval for the Tonik Flex Loan within just one day, provided that you submit the necessary requirements promptly. It is important to note that the approval speed is dependent on your submission time.

One of the advantages of this loan is that it is unsecured, so you do not need to provide any collateral. Additionally, you can complete the entire application process within the app without the need to leave your home.

  • Loan amount: ₱20,000 to ₱250,000
  • Monthly interest rate: 2.49%
  • Approval time: One day
  • Payment terms: Six to 24 months
  • Features: Fixed interest rates, no collateral needed, fast approval, flexible payment date


📌 CIMB Personal Loan

CIMB Bank PH provides a convenient all-digital loan application process that can be completed in just 10 minutes through their mobile app. They offer some of the most flexible loan terms and lowest interest rates in the market. Moreover, the loan approval process takes only up to two banking days. If you opt to receive your loan proceeds in your CIMB Bank savings account, you can enjoy instant disbursement. Disbursement to other banks takes one to two banking days.

  • Loan amount: ₱30,000 to ₱1 million
  • Monthly add-on rate: 1.12% to 1.95%
  • Approval time: Within 24 hours
  • Payment terms: 12 to 60 months
  • Features: Quick and easy loan application process; no credit card needed; no collateral needed; ideal for hospitalization, major car repairs, and new business

📌 Blend PH Personal Loan

Are you in need of a personal loan but want a fast and easy online application process with quick approval time? If so, then Blend PH might be the perfect fit for you. As a peer-to-peer lending platform, it offers high loan amounts and flexible payment options, making it an excellent choice.

  • Loan amount: ₱50,000 to ₱2 million
  • Monthly interest rate: 1.5%, 2%, or 3%
  • Approval time: Up to 48 hours
  • Payment terms: 12, 18, 24, and 36 months
  • Features: No collateral needed; ideal for major emergencies, such as hospitalization, car repairs, new business, and even travels

📌 UnionBank Quick Loan

An alternative choice for obtaining quick cash loans is the UnionBank Quick Loan, which is a digital loan program exclusively available to pre-approved UnionBank deposit account holders. To apply for this loan, you must log in through the Quick Loan website provided in the notification email or SMS. Then, enter your invite code, the last five digits of your ATM payroll or 12-digit payroll account number, along with your mobile number and email address. You may also apply for this loan using UnionBank Online.

  • Loan amount: ₱1,000 to ₱1 million
  • Interest rate: Will be provided in the Quick Loans Promissory Note and Disclosure Statement
  • Approval time: As fast as 60 seconds
  • Payment terms: Up to 12 months

Features: Fast way to get cash, hassle-free online application, ideal for immediate cash needs

📌 UnaCash Loan

If you need quick cash loans, you may want to consider UnaCash, an entirely digital loan app. With UnaCash, you can benefit from competitive interest rates, a simple online application process, and speedy loan approval. You won’t have to go to a physical bank or deal with excessive paperwork because everything can be done through the app on your mobile device.

To be eligible, you only need to have a mobile number, a valid email address, and be at least 18 years old.

  • n amount: ₱1,000 to ₱50,000
  • Interest rate: 0% to 16% depending on the borrower’s credit score
  • Approval time: Within 5 minutes
  • Payment terms: Up to six months
  • Features: Convenient application via your mobile phone, no bank visit required, fast loan approval, UnaCash Credit Line, repeat loans for borrowers with a good credit standing

📌 ACOM Loan

You can be granted approval for a fast loan in the Philippines within a single day. The application procedure is uncomplicated as you have the option to visit any ACOM branch or apply online. Additionally, you are only required to provide three documents, namely a valid identification card, proof of employment, and proof of taxpayer identification number.

  • Loan amount: ₱3,500 to ₱500,000
  • Interest rate: 3.315% to 4.563%
  • Approval time: As fast as one day
  • Payment terms: Six to 10 months
  • Features: No collateral, flexible repayments, and increasing loan coverage depending on credit evaluation and payment history

📌 JuanHand Loan

JuanHand provides quick loan services in the Philippines, which can be availed by following a simple process. You will need to have a valid ID and download the JuanHand app. After that, you have to enter your personal information, select the desired loan amount, and wait for the approval, which usually takes one to two days. If your application is declined, you can apply again after a few days without any hassle.

  • Loan amount: ₱2,000 to ₱15,000
  • Interest rate: 9% to 12%
  • Approval time: One to two days
  • Payment terms: 90 days
  • Features: No collateral, quick customer service

How to Qualify for Fast Cash Loans in the Philippines

Major banks and lending institutions usually have straightforward requirements so that they can quickly facilitate the approval and release of cash.

Fast Cash Loan Requirements

Here are the usual required documents for quick cash loans in the Philippines:

  • Filipino citizen
  • At least 21 years old and not more than 60 years old at the maturity of the loan
  • Must have a stable source of income
  • Must be able to present the following:
    • Valid government-issued, photo-bearing ID/s
    • Proof of income (payslips, ITR, among others)
    • Certificate of Employment (for employees)
    • Business Registration Documents, such as DTI and SEC Certificates (for business owners)

Note that the number of requirements will depend on your lender, so get in touch with them to learn more.

Reminders Before Applying for a Fast Cash Loan in the Philippines


If you want a successful application for fast cash loans in the Philippines, take note of the following tips.

✔️ Compare Your Options

It’s important to recognize that not all fast cash loans are identical. They are designed to meet specific needs, which is why it’s important to carefully consider your options. This will allow you to choose a loan that is appropriate for your financial situation and lifestyle.

If you’re struggling to compare various loan offers, you can use Moneymax’s loan comparison tool. This tool is simple to use and will enable you to apply for a personal loan online once you’ve identified the best option.

✔️ Borrow Only What You Can Pay

There are certain individuals who face difficulty in repaying a quick cash loan due to their failure in accurately estimate the required amount and devising a plan to repay it on schedule.

To prevent incurring high-interest rates, it is essential to be practical when borrowing money and utilize your lender’s loan calculator to obtain a clear understanding of the expenses you will be responsible for covering.

✔️ Check the Fees That Come with the Loan

Apart from the interest rate for quick cash, there may be other charges that you need to pay at the beginning or during the loan period. For example, certain banks may ask you to bear the costs of processing fees and documentary stamp taxes, which are generally subtracted from the loan amount.

It’s important to also keep in mind other fees such as disbursement fees, late payment charges, fees for returned checks, and even legal fees and attorney’s fees in case you are unable to repay the loan.

✔️ Check Your Credit Score

It’s possible that certain banks and lenders will check your credit score to evaluate if you’re capable of managing borrowed money in a responsible manner. It’s important to keep in mind that your credit score can also impact the interest rate and terms of repayment.

If you have a good credit score, you may be able to secure lower interest rates and more flexible payment options. On the other hand, if your credit score is not so great, you could be denied for the loan. In some cases, even if your application is approved despite a lower credit score, you might have to pay a higher interest rate.

✔️ Avoid New Cash Loans

To effectively handle your finances and prevent being burdened with numerous loan repayments, it’s advisable to refrain from acquiring another loan until you have completely settled your current one.

✔️ Keep a Good Payment Record

If you have received approval for a quick cash loan, it is important to ensure that you make your payments on time. Not only will this help you avoid substantial late payment fees, but it will also help you maintain a positive credit history with your bank or loan provider. This can be advantageous if you need to borrow money again in the future, as you may be eligible for automatic approval.

Final Thoughts

When you have already used up all of your financial resources, fast cash loans can come to the rescue. However, it is important to not hastily choose the first lender that appears. Being selective with your options can result in significant cost savings in the future.

Find the Best Loan for You Today

If you’re interested in discovering more about simple loan options available in the Philippines, along with some useful money-saving strategies, please feel free to explore our collection of articles. Additionally, you can also explore other reliable personal loan alternatives that are accessible below.”
Features: No collateral and no credit history needed, fast approval, real-time loan disbursement, flexible payment date

Features: Ideal for kids’ tuition needs, car repairs, gadget acquisition, travel funding, home improvement, special occasions, and medical bills

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